Invesco Ltd. (NYSE:IVZ) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Invesco Ltd. (NYSE:IVZ) by 1.1% during the third quarter, HoldingsChannel.com reports. The fund owned 4,311,814 shares of the asset manager’s stock after acquiring an additional 45,891 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Invesco were worth $75,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IVZ. Price T Rowe Associates Inc. MD lifted its holdings in shares of Invesco by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock worth $24,843,000 after purchasing an additional 58,332 shares during the last quarter. Marshall Wace LLP increased its position in Invesco by 115.7% in the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after buying an additional 654,960 shares during the period. Seven Eight Capital LP bought a new stake in Invesco in the second quarter valued at $576,000. Algert Global LLC acquired a new position in shares of Invesco during the second quarter valued at $551,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after acquiring an additional 1,020 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IVZ shares. Barclays boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. UBS Group boosted their price objective on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their price target on Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their price target on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.63.

Invesco Price Performance

Shares of Invesco stock opened at $18.04 on Thursday. Invesco Ltd. has a 52 week low of $13.53 and a 52 week high of $18.94. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $17.71 and its two-hundred day moving average price is $16.55. The stock has a market cap of $8.11 billion, a PE ratio of -19.61, a price-to-earnings-growth ratio of 1.05 and a beta of 1.44.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share. As a group, sell-side analysts anticipate that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s dividend payout ratio is presently -89.13%.

Invesco Company Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.